Tata Motors praises SBI for slashing auto-loan rates
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Leading car manufacturer Tata Motors praised SBI for slashing auto-loan rates to 10%. SBI(State Bank of India) has cut-down loan rate for new cars to 10%. According to Tata Motors this move of SBI should help to increase auto sales. According to SBI these loan rates will be apply on the loans which will be given from February 23 to May 31, 2009.
Recently SBI and Tata Motors made a tie-up for financing Tata Motors most awaited model Tata Nano which is expected to launch in month of April.
Read More on : read more on Tata Nano
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